Having a reliable and energy-efficient furnace is very important for keeping your home cozy during the colder months. If your current HVAC system is showing signs of age or inefficiency, it might be time to consider a replacement.
But how much does it actually cost to install a new furnace?
The answer depends on several factors, including the type of furnace, the size of your home, and the installation requirements. Let’s break it down!
Factors That Impact Furnace Installation Costs
Type of Furnace
The type of furnace you choose will affect the price –
- Electric furnaces are more affordable upfront, averaging $2,000–$4,000, but may cost more in long-term energy bills.
- Gas furnaces are a popular choice, costing around $3,000–$5,500, and offer lower operating costs over time.
- Oil furnaces tend to be the most expensive, often exceeding $6,000, but are less common nowadays.
- Propane furnaces average $4,000, balancing installation costs with fuel availability.
How Complex And Time Taking The Installation
Besides the type of furnace, installation costs depend on factors like –
- Ductwork repairs or upgrades ($250–$800)
- Gas line installation for switching to a gas furnace
- Ventilation modifications or drywall adjustments
- The time required to complete the job
Size of Your Furnace
A properly sized furnace is essential for efficient heating. Larger homes need more powerful units, which can raise costs. Professional contractors perform a load calculation (Manual J test) to recommend the right size.
Energy Efficiency
Furnaces with higher energy efficiency ratings (AFUE) can save money on energy bills but often have higher upfront costs. For instance, furnaces with 98% AFUE can cost more to install but provide long-term savings.
Permits and Inspections
Furnace installation often requires permits, which can add $350–$1,800 to the cost. Post-installation inspections ensure your system runs safely and efficiently, typically costing around $100.
Tips to Save on Furnace Installation
- Look for manufacturer rebates and seasonal promotions.
- Compare quotes from multiple HVAC companies.
- Ask about financing options.
- Check for local government tax credits or utility rebates.
- Recycle your old furnace to reduce disposal fees.
Call HELP Plumbing, Heating, Cooling, and Drains
Investing in a new furnace is a big decision, but it doesn’t have to break the bank. Let our experts at HELP Plumbing, Heating, Cooling, and Drains guide you through the process. Contact us today for a consultation, and we will ensure your home stays warm and efficient all winter long!